XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.2
Note 12 - Discontinued Operations
3 Months Ended
May 30, 2021
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
12.
DISCONTINUED OPERATIONS
 
On
July 25, 2018,
the Company entered into a definitive agreement to sell its Electronics Business for
$145,000
in cash. The Company completed this transaction on
December 4, 2018.
 
The Company has classified the operating results of its Electronics Business, together with certain costs related to the transaction, as discontinued operations, net of tax, in the Consolidated Statements of Operations.
 
The following table shows the summary operating results of the discontinued operations:
 
   
13 Weeks Ended (Unaudited)
 
                 
   
May 30,
   
May 31,
 
   
2021
   
2020
 
                 
Net sales
  $
-
    $
-
 
Cost of sales
   
-
     
-
 
Gross profit
 
 
-
   
 
-
 
Selling, general and administrative expenses
   
-
     
-
 
Restructuring charges
   
-
     
20
 
Loss from discontinued operations
 
 
-
   
 
(20
)
Other income
   
-
     
-
 
Loss from discontinued operations before income taxes
 
 
-
   
 
(20
)
Income tax benefit
   
-
     
(5
)
Net loss from discontinued operations
 
$
-
   
$
(15
)